- Dec 20, 2018
Introducing PrimeXBT - Hedge Long & Short Positions with up to 1:100 Leverage
PrimeXBT is a new crypto trading platform due to launch Jan-2019, that provides advanced trading techniques inspired by traditional financial markets. With margin trading and up to 1:100 leverage on the most popular cryptocurrencies, PrimeXBT allows crypto traders to maximise their profit potential on both bull and bear markets with long and short positions.
Leverage is an incredibly powerful tool for traders, and a key feature of Prime XBT. Traders can take advantage of far more profitable positions, by multiplying comparatively small price movements by up to 100X. For example, with $1000 of your own money and 1:100 leverage your position becomes $100,000. If the market goes up by 5% you’d make a profit of $5000. If leverage was not utilized your profit would have been just $50.
Profit from Bull Runs and Bear Markets
PrimeXBT allows crypto traders to profit from markets highs and lows, by placing long and short positions. “Going short”, or to short a crypto-asset, a trader will borrow funds in order to sell high, buy low and keep the difference.
This feature is significant as the ability to short sell is uncommon and highly valuable in the cryptocurrency market. Particularly when you consider the majority of 2018 was spent in a bear market, making it a missed opportunity for many.
Trading is a game of risk vs reward, and Prime XBT allows users to limit their loss potential with stop-loss orders. These are limits set by the trader before placing a position. If the market was to rapidly shift in the opposite direction than what was anticipated, the stop-loss will automatically cash out at the pre-set limit to cut one’s losses and ensure traders risk no more than they can afford to lose.
Features of PrimeXBT
PrimeXBT offers all of the same tools and services that you would expect from leading crypto exchanges to provide a best-in-class cryptocurrency trading platform. These include:
- Aggregated liquidity from 12 exchanges;
- Instant order execution;
- Paramount security measures and procedures;
- Tight spreads;
- A powerful charting engine with various chart types, indicators and drawing tools;
- Listing BTC, ETH, EOS, LTC, XRP and BCH immediately upon launch with up to 1:100 leverage;
- Easy, intuitive and customizable UI with multi-monitor support;
- No KYC. It only takes few seconds to register and requires no personal information to get the full access to the leverage trading platform;
- Low trade and commission fees.
Find out more at PrimeXBT.com.